Retail and Industrial
3729 Pacific Ave SE Olympia, WA
For Sale
Contact for pricing
Family-owned retail and industrial property with high-traffic location.
Property Size32,482 SF
Lot Size3.26 Acres
Price / SF$189.34
Days on Market510
Property Features for 3729 Pacific Ave SE
General Information
Standard status
Active
Size
32,482 SF
Lot size
3.26 Acres
Property subtype
RETAIL
Listing Agency:
BHGRE Commercial Premier NW
(360) 943-9922
Listed By:
Joni Baker
(360) 943-9922
Source:
Moodyscre
Added: Mar 5, 2025
Changed: Jul 6
Last Checked: Jul 21 at 4:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of BHGRE Commercial Premier NW
Investment Insights
Based on property information with market context.
This family-owned retail and industrial property has been a cornerstone of the community for over 50 years. Located in a high-traffic location, the property offers visibility and accessibility, suitable for retail and industrial use. The property includes a 6,000 square foot showroom with 2,000 square feet of storage/warehouse space, a 17,612 square foot industrial building that can be divided into three units, and a 6,240 square foot retail/office building. Additionally, there are two vacant parcels zoned General Commercial for future development, such as a small warehouse park, storage units, or parking. The property provides a foundation for various business ventures. Traffic counts in front of the property exceed 26,000 per day. The total property size is 32,482 square feet.
Key Highlights
- Prime, high‑traffic location with excellent visibility and accessibility (26,000+ cars per day).
- Flexible zoning suitable for retail and industrial use.
- Multiple buildings including a 6,000 sf showroom, 2,000 sf storage/warehouse, and a 17,612 sf industrial building divisible into three units.
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $584.7k | $18.00 |
| − Vacancy | −$24.6k | −$0.76 |
| EGI | $560.1k | $17.24 |
| − OpEx | −$168.0k | −$5.17 |
| NOI | $392.1k | $12.07 |
32,482 SF · lease $18.00/SF/yr · vacancy 4.20% · expense 30.00%
Alternative Uses
Best Use
Retail
$5.60M
$4.90M – $6.53M
NOI $392,084 @ 7.0% cap · market cap 6.38%
Second Best
Warehouse
$4.57M
$4.00M – $5.33M
NOI $319,694 @ 7.0% cap · market cap 5.20%
Theoretical Best
Office A
$9.51M
$8.32M – $11.10M
NOI $665,751 @ 7.0% cap · market cap 10.83%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use
Similar Off Market Nearby
- Lowe's Home Improvement — 4230 Martin Way E, Olympia, WA 98516
- KDC Remodeling — 1109 Sleater Kinney Rd SE, Lacey, WA 98503
Frequently Asked Questions
What type of property is this?
Showroom - Family-owned retail and industrial property with high-traffic location.
Where is this showroom located?
The property is located at 3729 Pacific Ave SE Olympia, WA.
What is the asking price?
The asking price for this property is $6,150,000.
What are key features of this property?
This property features: Prime, high‑traffic location with excellent visibility and accessibility (26,000+ cars per day).; Flexible zoning suitable for retail and industrial use.; Multiple buildings including a 6,000 sf showroom, 2,000 sf storage/warehouse, and a 17,612 sf industrial building divisible into three units.
